Author: FX

UPCOMING EVENTS:Monday: US and Canada Holiday, Fed’s Waller. (US stock market open/bond market closed)Tuesday: UK Labour Market report, German ZEW, Canada CPI, New Zealand Q3 CPI.Wednesday: UK CPI.Thursday: Australia Labour Market report, ECB Policy Decision, US Retail Sales, US Jobless Claims, US Industrial Production and Capacity Utilization, US NAHB Housing Market Index.Friday: Japan CPI, China Industrial Production and Retail Sales, UK Retail Sales, US Housing Starts and Building Permits.MondayChristopher Waller is a key Fed governor because he’s been a “leading indicator” for changes in Fed’s policy. He recently mentioned that they could go faster on rate cuts if the labour…

MADRID (Reuters) – The 15th-century explorer Christopher Columbus was a Sephardic Jew from Western Europe, Spanish scientists said on Saturday, after using DNA analysis to tackle a centuries-old mystery. Several countries have argued over the origins and the final burial place of the divisive figure who led Spanish-funded expeditions from the 1490s onward, opening the way for the European conquest of the Americas. Many historians have questioned the traditional theory that Columbus came from Genoa, Italy. Other theories range from him being a Spanish Jew or a Greek, to Basque, Portuguese or British. To solve the mystery researchers conducted a…

Sun: Chinese InflationMon: OPEC MOMR, Chinese Trade Balance (Sep), Canada market holidayTue: SARB Announcement, IEA OMR, UK Jobs Report (Aug/Sep), Swedish CPIF (Sep), German ZEW (Oct), Canadian CPI (Sep), New Zealand CPI (Q3)Wed: Bank of Indonesia Announcement, UK Inflation (Sep)Thu: ECB Announcement, CBRT Announcement, European Council Meeting, Australian Jobs Report (Sep), EZ Final CPI (Sep), US Retail Sales (Sep)Fri: European Council Meeting, Japanese CPI (Sep), Chinese GDP (Q3), UK Retail Sales (Sep), US Building Permits (Sep)Chinese Inflation (Sun): Chinese CPI Y/Y for September is expected to remain at 0.6% (prev. 0.6% in August), while PPI Y/Y is seen at -2.5%…

Ishiba kicked off his term as PM by saying Japan’s economy was not ready for further Bank of Japan rate hikes. He has back peddled, and did so again over the weekend:”It’s important to avoid vocally intervening” in monetary policy affairsOr even appear as if he was doing so”the Bank of Japan makes an individual decision on policy” “I believe the BOJ’s governor and staff have a strong sense of responsibility over achieving price stability”Ishiba threw in a few comments on the economy though:consumption needs lifting to help achieve a sustained departure from deflationreal wages need to boosted This article…

China’s consumer inflation rate fell in September.Producer price deflation deepened.This screenshot is from the free ForexLive calendar.China keep pumping out stimulus, Saturday:China offers few details on stimulus in Saturday’s press conferenceSunday brought confirmation of cuts to housing loans:Four of China’s biggest state-owned banks confirm mortgage rate cuts, beginning October 25Meanwhile, as you can see above, consumer prices are still struggling to hold out of deflation territory. This article was written by Eamonn Sheridan at www.forexlive.com. Source link

BEIJING (Reuters) -China’s consumer inflation unexpectedly eased in September, while producer price deflation deepened, heightening pressure on Beijing to roll out more stimulus measures quickly to revive flagging demand and shaky economic activity. Finance Minister Lan Foan told a news conference on Saturday there will be more “counter-cyclical measures” this year, but officials did not provide details on the size of fiscal stimulus being prepared, which investors hope will ease deflationary pressures in the world’s second-largest economy. The consumer price index (CPI) rose 0.4% from a year earlier last month, against a 0.6% rise in August, data from the National…

The foreign exchange market, also known as forex, is a dynamic and ever-evolving landscape. For traders navigating this thrilling yet potentially treacherous terrain, risk management stands as a cornerstone for success. While technical analysis and fundamental factors play crucial roles, one often-overlooked aspect is exposure. This is where the ingenious Exposure MT5 Indicator steps onto the scene, empowering you to identify and manage exposure, ultimately leading to more informed and confident trading decisions. Demystifying Exposure in Forex Trading Before diving into the functionalities of the Exposure MT5 Indicator, let’s establish a clear understanding of exposure in the forex context. Simply…

Oct. 12, 2024 8:30 PM ETiShares Global Clean Energy ETF (ICLN), QCLNPBW, ERTH, SMOG, PBD, TAN, FAN, CNRG, ACESBy: Carl Surran, SA News Editor GetYourPic/iStock via Getty Images Global carbon dioxide emissions generated by the energy industry should reach their peak this year before beginning to decline next year, but the transition to clean energy remains “too slow,” according to a new report earlier this week from risk Source link

Roman Tiraspolsky/iStock Editorial via Getty Images A federal bankruptcy judge has signed off on EV maker Fisker’s (OTC:FSRNQ) liquidation plan following last-minute talks to preserve the company’s $46M sale of its remaining 3K Ocean SUVs, according to media reports. US Bankruptcy Judge Thomas Horan in Wilmington, Delaware Source link

By Jeff Mason WASHINGTON (Reuters) -Vice President Kamala Harris, the Democratic presidential nominee, released a letter from her doctor on Saturday that pronounced her in good health and fit for high office, in an effort to draw a contrast with her counterpart, Donald Trump. In a memo distributed by the White House, the vice president’s physician, Joshua Simmons, said Harris’s most recent physical exam in April was “unremarkable,” that she maintains an active lifestyle and “very healthy diet” despite a busy schedule, suffers from seasonal allergies and sporadic hives, does not use tobacco and drinks alcohol only in moderation. “She…